Search found 2 matches
- Sat Feb 21, 2015 11:31 am
- Forum: Canada / United States Tax & Accounting
- Topic: Deemed Appreciation on US Cash for CRA reporting?
- Replies: 11
- Views: 9003
Thank you Nelsona! This helps a lot. Since my USD holdings are simple I can report that with out too much trouble. Alos. I see -- right now the US side is a not an issue because the CDN has been falling. What happens when/if CDN rises again? I have salary paid to me every two weeks in CDN dollars. W...
- Fri Feb 20, 2015 12:33 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Deemed Appreciation on US Cash for CRA reporting?
- Replies: 11
- Views: 9003
Deemed Appreciation on US Cash for CRA reporting?
Two years ago, I converted about 100k from Canadian currency to U.S currency and set it aside (held) it US cash for about two years for a purchase that didn't materialize. Both the US cash and US securities were held in Canadian banks/brokerage. After realizing that the purchase would not go through...